(TheNewswire)
Company also Provides an Update onF&ESE TLS Solicitation
VANCOUVER, BRITISH COLUMBIA, CANADA – TheNewswire - JUNE 5, 2023 – MissionReady Solutions Inc ("Mission Ready" or the"Company") (TSXV:MRS) (OTC:MSNVF) (FSE:2R4), a provider ofcomprehensive government contracting solutions, recently released itscondensed consolidated interim financial statements for the threemonths ended March 31, 2023 ("Q1 2023").
The following are highlights for Q1 2023 (all dollarfigures are quoted in Canadian currency unless otherwisespecified):
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Gross Revenues: $0.98MM
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Gross Margin: 67%
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Net Income (loss): (0.82MM)
(1) The improved margin (relativeto recent periods) reflects generally higher margins on productsmanufactured in-house without the influence of lower-marginedgovernment contracts.
(2) As compared to previousyear.
A copy of the condensed consolidated interim financialstatements for the three months ended March 31, 2023, and theassociated Management's Discussion and Analysis ("MD&A")are available on SEDAR.com under the Company'sprofile .
The Company also provides additional insight into theFire & Emergency Services Equipment (F&ESE) Tailored LogisticsSupport (TLS) program. The F&ESE TLS Program includes the totallogistics support for the fire & emergency services requirementsof the Defense and Logistics Agency (DLA) customers, includingmilitary installations and federal activities worldwide.
"The F&ESE TLS Program is ingrained inUnifire's DNA and has paved the way for our success in the governmentcontracting space," said Dan Raczykowski, Director of MissionReady and President of Unifire, Inc. "In light of our significantefforts to enhance our financial position, it was a naturalprogression for us to seize this solicitation and return to our roots.This opportunity not only aligns with our expertise and deepunderstanding of the market but also holds great potential foroptimized revenue generation."
The Company responded to the solicitationSPE8EH-21-R-0001 issued on March 22, 2022. The Company recentlyreceived and subsequently accepted an extension request of theCompany's offer until the end of September 2023.
About the F&ESE TLSProgram
The F&ESE TLS Program is a multiple-award programwith post-award competition of delivery orders, primarily focused onmaintaining continuity of support for fire and emergency supportpersonnel worldwide. Products and solutions typically sought throughthe program include fire & emergency services equipment as well asrelated supplies and incidental services, including but not limitedto: hoses, hose fittings, nozzles, tools, fire extinguishers,extinguishing agents, poles, ladders, rescue devices, self-containedbreathing apparatus (SCBA) and other respiratory protection, shovels,regulators, uniforms, station and training wear and equipment,structural, shipboard, and forestry turn out gear and other protectiveproducts (e.g. gloves, boots, helmets, hoods, goggles, and protectiveclothing used for environmental, industrial, HAZMAT, weapons of massdestruction, terrorism, and first response personal protection), firstresponse search and rescue equipment and supplies, decontaminationequipment, detection equipment, communication equipment and tools,suppression equipment, surveillance and alarm systems and systemparts, propane and other fire and first responder training systems andother first responder equipment, emergency station vehicle exhaust andventilation systems, breathing air compressors, emergency egress, exitand protective systems, pumps, generators, storage, containment, andracking systems.
About Mission Ready SolutionsInc.
Mission Ready Solutions provides comprehensivegovernment contracting solutions with extensive experience indelivering quality, mission-critical products and services for lawenforcement, firefighters, first responders, military, and othergovernmental agencies.
Through its privileged access to a host of federalcontracting vehicles, including Multiple Award Schedule(" MAS ") contracts awarded and administered by the UnitedStates General Services Administration, Mission Ready's wholly-ownedsubsidiary, Unifire, Inc., leverages its robust vendor network,time-proven industry relationships, proprietary technologyinfrastructure, and industry-leading manufacturing and distributioncapabilities to efficiently source and deliver more than 1.5 millionproducts.
For further information on Mission Ready SolutionsInc., please visit MRSCorp.com .You can also subscribe to our mailing list at eepurl.com/hznhX9 to receiveour press releases and latest news directly by email.
Mission Ready Solutions Inc.
(Signed "Buck L.Marshall")
Buck L. Marshall
President, CEO and Director
T: +1 877.479.7778
Investor Relations Contact:
Dominic Gray
MRS-IR@MRSCorp.com
T: +1 877.479.7778 (Ext.5)
Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in policies ofthe TSX Venture Exchange) accepts responsibility for the adequacy oraccuracy of this release.
Forward-Looking Information
This news release contains "forward-lookinginformation" within the meaning of applicable Canadian securitieslegislation. Generally, forward-looking information can be identifiedby the use of forward-looking terminology such as"anticipate", "believe", "plan","expect", "intend", "estimate","forecast", "project", "budget","schedule", "may", "will","could", "might", "should" or variationsof such words or similar words or expressions. Forward-lookinginformation is based on reasonable assumptions that have been made byMission Ready Solutions Inc. as at the date of such information and issubject to known and unknown risks, uncertainties and other factorsthat may cause the actual results, level of activity, performance orachievements of Mission Ready Solutions Inc. to be materiallydifferent from those expressed or implied by such forward-lookinginformation. There can be no assurance that such information willprove to be accurate, as actual results and future events could differmaterially from those anticipated in such information. Accordingly,readers should not place undue reliance on forward-lookinginformation. Mission Ready Solutions Inc. does not undertake to updateany forward-looking information that is included herein, except inaccordance with applicable securities laws.
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